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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel G. DeBusschere who wrote (11364)	7/25/2001 7:05:20 PM
From: chojiro	Read Replies (1) \| Respond to of 12623

Could not resist under $30 well, probably not a bad thing if your time horizon is S/T. It successfull tested the 28 lows today, but I'm wondering why it couldn't make better ground? Yesterdays move up was clearly a reaction th CIEN not buying LUs fiber. But today should have shown strength, or more of if. Current valuation does not support this price but valuation never did support it in the past - just the excellent management team and products But valuation is becoming a factor, and CIEN is still sporting a TTM PE of 163. With the current econo situation, future guidance will likely be not given dismal or (IMO) a lie. We haven't hit that $25 price I was ridiculed for back at $96, but I believe it will be seen, perhaps(probably) much less. At any rate, I did cover a small portion of my short today- for technical reasons, but CIEN remains my largest short position One last thing. You mention "but valuation never did support it in the past - just the excellent management team and products. " You are forgetting about sales/revenues. Good luck.